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by Diane Himes, MA Editorial Staff
Posted on Tuesday, January 15, 2008 4:23:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Releasing preliminary fourth-quarter financial results in advance of its official announcement, the enterprise apps vendor shows double-digit growth in sales.
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| Keywords: | SAP financials, SAP fourth quarter |
In a preliminary announcement of its fourth-quarter 2007 results, enterprise applications giant SAP said it expects a double-digit jump in software and related services revenue for the period ended Dec. 31. In advance of its official announcement on Jan. 30, SAP today said it expects fourth-quarter software and related services to be approximately €2.48 billion, up from €2.20 billion in the prior-year quarter, a 13% increase. Software revenue alone will account for approximately €1.41 billion, SAP said, a 14% increase compared with the same period in 2006. Total quarterly revenue is expected to be €3.25 billion, up 10% from €2.95 billion in the fourth quarter of 2006. [Click to continue] |
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